Citizens Bank Refinances Multifamily Property On Avenue O In Brooklyn For $925K

A multifamily property located at 5409 Avenue O in Brooklyn has undergone a refinancing transaction. The property spans 8,760 square feet and consists of 12 units. The transaction was facilitated by Gabby Cali from Progress Capital on behalf of Rachel Goldstein, the landlord. Citizens Bank provided a loan amount of $925,000 for the refinancing.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $925,000
• Address: 5409 Avenue O, Brooklyn
• Square Footage: 8,760
• Units: 12
• Lender: Citizens Bank
• Landlord: Rachel Goldstein
• Brokers: Gabby Cali - Progress Capital

Gabby Cali from Progress Capital represented Rachel Goldstein in the deal, assisting in securing the refinancing loan from Citizens Bank. The transaction reflects the active market for multifamily properties in Brooklyn, showcasing the ongoing demand for such investment opportunities.